# bull r cming

By [sherrybull.eth](https://paragraph.com/@sherrybull) · 2023-03-18

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Over the past few days, the market situation calmed down a bit, and stocks reacted positively to the rescue of Credit Suisse and regional banks in the [United](https://www.tradingview.com/symbols/TSX-UNC/) States. We previously noted that a relief in [Bitcoin](https://www.tradingview.com/symbols/BTCUSD/) would be closely tied to the rebound in stocks, which continues to be the case. People remain [bullish](https://www.tradingview.com/ideas/bullish/) , arguing that the recent aggressive uptick in prices only shows how [bullish](https://www.tradingview.com/ideas/bullish/) the market has become. One of the common arguments is that [Bitcoin](https://www.tradingview.com/symbols/BTCUSD/) would not rise so steeply (and so fast) if we were in a bear market. However, we want to remind our readers that the enormous magnitude of the move-up does not necessarily mean we are out of the woods.

For example, during one particular correction in 2018, [Bitcoin](https://www.tradingview.com/symbols/BTCUSD/) jumped almost 100% within two weeks. Yet, despite that aggressive move (accompanied by euphoria and [bullish](https://www.tradingview.com/ideas/bullish/) forecasts), [Bitcoin](https://www.tradingview.com/symbols/BTCUSD/) still managed to erase over 73% of its value in the following months. The reality is that bear market rallies are well-known for their deceptive nature, which causes market participants to reassess their views, hook them on, and then surprise them with an abrupt change of direction (leaving them to hold the bags). We expect the current rally to be no different.

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*Originally published on [sherrybull.eth](https://paragraph.com/@sherrybull/bull-r-cming)*